Resale Values for Chrysler Vehicles Fall

Before the bankruptcy filing, a three-year-old Chrysler had a resale value of 34.8%, a Jeep 38.4% and a Dodge would go for 37.3% of its original sale price. Now, those resale values have fallen to 28.8% for Chrysler, 32.4% for Jeep and 31.2% for Dodge.

Residual values affect the monthly payments of auto leases, so GMAC — now the main source of lending for Chrysler — will likely delay an increase in leasing. Also, consumers trading in Chryslers as part of their down payment for a new vehicle will get lower trade-in offers.

It’s also possible that smaller banks will ask for larger down payments from customers buying new Chryslers to cover the faster depreciation.

Resale Values Fall 6% for Chrysler Vehicles (Detroit Free Press)